Moran Wealth Management LLC Acquires 51 Shares of HEICO Co. (NYSE:HEI)

Moran Wealth Management LLC raised its holdings in HEICO Co. (NYSE:HEI) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,687 shares of the aerospace company’s stock after purchasing an additional 51 shares during the quarter. Moran Wealth Management LLC’s holdings in HEICO were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HEI. Compass Financial Services Inc bought a new position in shares of HEICO in the fourth quarter worth $26,000. Rakuten Securities Inc. bought a new position in HEICO in the 3rd quarter valued at about $81,000. Berbice Capital Management LLC acquired a new position in shares of HEICO in the 4th quarter valued at approximately $95,000. Brooklyn Investment Group bought a new stake in shares of HEICO during the 3rd quarter worth approximately $128,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of HEICO during the 4th quarter worth approximately $135,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial upped their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $271.40.

HEICO Price Performance

HEICO stock opened at $252.68 on Thursday. The company has a market capitalization of $35.11 billion, a PE ratio of 69.04, a P/E/G ratio of 3.10 and a beta of 1.26. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $237.37 and a two-hundred day moving average price of $250.92. HEICO Co. has a 12 month low of $184.46 and a 12 month high of $283.60.

HEICO (NYSE:HEI) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. Analysts expect that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio is 5.45%.

HEICO Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.